Russia, Ukraine may set up JV to enrich uranium on Russian territory

13:01, 04.10.2012 1 min read

Russia and Ukraine are discussing the creating of a joint venture for the conversion and enrichment of uranium on Russian soil, the head of Russia's state nuclear power corporation Rosatom, Sergei Kirienko, has told the press.

The two countries already have a JV in Ukraine for the fabrication of nuclear fuel, in which Ukraine holds the controlling stake. If the enrichment JV in Russia is set up, Russia will have control, Kirienko said.

Ukrainian Energy and Coal Industry Minister Yuriy Boiko has confirmed that the countries are interested in integration in the field of converting and enriching uranium, as Ukraine has undertaken not to perform such operations at home.

There was on Thursday a ceremony marking the start of construction of a joint Russian-Ukrainian plant for the production of nuclear fuel in Ukraine. Russia has assumed responsibility for the uninterrupted supply of uranium enrichment services to the future plant.